{"id":256502,"date":"2024-02-29T16:11:39","date_gmt":"2024-02-29T10:41:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=256502"},"modified":"2024-02-29T16:11:39","modified_gmt":"2024-02-29T10:41:39","slug":"analyst-predicts-2x-surge-post-bitcoin-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/analyst-predicts-2x-surge-post-bitcoin-rally-crypto-news\/","title":{"rendered":"Analyst Predicts 2x Surge Post-Bitcoin Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Amid the recent bullish sentiment around the crypto market, <\/span><span style=\"font-weight: 400\">investors and traders anticipate that altcoins will attract notable gains post-Bitcoin rally.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Altcoins Poised For A 2X Surge After Bitcoin Rally<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Michael Van De Poppe, a well-known cryptocurrency analyst, has <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1762890908742070382?s=20\"><span style=\"font-weight: 400\">shared<\/span><\/a><span style=\"font-weight: 400\"> his insights regarding altcoins with the community on the social media platform X (formerly Twitter). His predictions examine the potential for altcoins to rise in the near future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Poppe started by highlighting that the market capitalization of Altcoin is presently \u201clagging behind\u201d in this recent market rally. However, he noted that is what tends to happen when investors\u2019 \u201cstrength is confined to Bitcoin alone.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is noteworthy that in the past, altcoins generally performed poorly whenever Bitcoin was in control of the market. But despite the performance of the tokens lately, Poppe\u2019s optimism remains unwavering.<\/span><\/p>\n<figure id=\"attachment_590671\" aria-describedby=\"caption-attachment-590671\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-590671\" class=\"wp-caption-text\">Crypto market cap excluding BTC and ETH | Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/1762890908742070382?s=20\">Michael Van De Poppe on X<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Due to this, the crypto analyst anticipates altcoins to rise by 2x in the short term. However, according to the expert, the uptick is expected to take place \u201conce BTC\u2019s rally stabilizes.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The post read:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">The Altcoin market capitalization is still lagging behind and that is usually what happens when strength is surrounded by Bitcoin alone. However, once Bitcoin is going to stabilize, it seems we will likely have a potential 2x on altcoins to come.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">This hope stems from the notion that gains from Bitcoin might be transferred to alternative currencies. When this happens, altcoins such as <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-bullish-spree-3500\/\"><span style=\"font-weight: 400\">Ethereum (ETH)<\/span><\/a><span style=\"font-weight: 400\">, Cardano (ADA), and XRP will be positioned for significant gains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Van De Poppe\u2019s insights have triggered a wave of speculation within the community, with members expressing excitement about the forecast. A pseudonymous X user <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AzharTheGreat\/status\/1762974857057190032?s=20\"><span style=\"font-weight: 400\">responded<\/span><\/a><span style=\"font-weight: 400\"> by saying that it is \u201cfascinating how the ebb and flow of a<\/span><span style=\"font-weight: 400\">ltcoin market cap in BTC\u2019s shadow.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">He further claimed that when BTC stabilizes, the 2x surge in value will be practically inevitable. In addition, he asserted that the perceptive observer will always be intrigued by the complex interplay between these assets.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Investment Shift Toward Alternative Cryptocurrencies<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Even though altcoins are currently struggling to gain adoption from market investors and traders, several analysts are still bullish about the tokens, forecasting a notable rise in the landscape after <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/bitcoin-ascent-to-64000-causes-coinbase-to-crash-heres-what-happened\/\"><span style=\"font-weight: 400\">Bitcoin\u2019s surge<\/span><\/a><span style=\"font-weight: 400\"> has cooled down.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Poppe is just one of the crypto analysts who is bullish on these cryptocurrencies. Altcoin Rover, a crypto expert, has also <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=LSY-wusLMPk\"><span style=\"font-weight: 400\">expressed<\/span><\/a><span style=\"font-weight: 400\"> his optimism while noting an investment shift towards these tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the analyst, he will be \u201cselling his Bitcoin holdings to purchase several altcoins\u201d poised for notable growth. Rover also clarified the possibility of significant gains for altcoins following BTC surpassing its all-time high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The expert has pointed out a path investors should observe that leads to the \u201c<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/company\/as-bitcoin-stagnates-altseason-emerges-led-by-injective-inj-optimism-op-and-pullix-plx\/\"><span style=\"font-weight: 400\">Altseason<\/span><\/a><span style=\"font-weight: 400\">.\u201d This path cited by Rover, which comprises four distinct phases, basically never changes.\u00a0<\/span><\/p>\n<figure style=\"width: 2273px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Jw3D41xm\/\" alt=\"Crypto Market Cap\" width=\"2273\" height=\"1266\" \/><figcaption class=\"wp-caption-text\">Crypto market cap hovering around $2.26 trillion | Source: TOTAL on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/Z8bevvTE\/\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Shutterstock, chart from Tradingview.com<\/p>\n<p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the recent bullish sentiment around the crypto market, investors and traders anticipate that altcoins will attract notable gains post-Bitcoin rally. Altcoins Poised For A 2X Surge After Bitcoin Rally Michael Van De Poppe, a well-known cryptocurrency analyst, has shared his insights regarding altcoins with the community on the social media platform X (formerly Twitter). [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":256503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-256502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256502"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256502\/revisions"}],"predecessor-version":[{"id":256505,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256502\/revisions\/256505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/256503"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}